Brits abroad

There were obviously similar concerns over British buyers and the Balearic property market. I remember having a coffee at the start of the year with a leading local estate agent who told me that the Brits were not buying. But over the last few weeks I have noticed a big change.

This same local estate agent told me that there had been a noticeable pick-up in the British market and one hotel director told me that the British market was going well, while it was the German market which was struggling. I was slightly amazed. I was even more surprised to read that Britain has once again overtaken the Germans as the number 1 market for the islands.

And all this despite Brexit, as the BBC would say! I have always been convinced that the British love affair with the Balearics was strong and the British were loyal Balearic customers. I suspected that this loyalty would be tested by Brexit, the weaker pound and increased competition from cheaper destinations in the eastern Mediterranean.

I am happy to say that I was wrong. Brexit and the other factors I mentioned above have been nicely overcome and the British market is heading in the right direction. It is going to take a lot more than a weaker currency and Brexit to stop the British coming to their favourite holiday destination.